# Sterling close to 23-month high versus euro - Business & Finance - Business Recorder

> Sterling rose close to a 23-month high against the euro ahead of an expected Bank of England rate rise the following week. Analysts said the BoE's hawkish stance would support the pound, while the dollar was heading for a strong week.

- Date: 2022-01-29 · published 2022-01-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/43377-sterling-close-to-23-month-high-versus-euro-business-and-finance-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves in sterling and the dollar have little direct effect on grain or feed prices, so the impact on feed buyers is minimal.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-12-08 | [Bank of England to hold its line against rate cut talk - Business & Finance - Business Recorder](https://feedsoft.ai/events/32954-bank-of-england-to-hold-its-line-against-rate-cut-talk-business-and-finance.md) | -0.9% | -1.1% |
| DXY | 2021-09-09 | [Euro inches higher ahead of ECB decision on bond buying - Markets - Business Recorder](https://feedsoft.ai/events/45271-euro-inches-higher-ahead-of-ecb-decision-on-bond-buying-markets-business.md) | -0.2% | +1.3% |
| DXY | 2024-02-02 | [Australia, NZ dlrs back in familiar range after choppy response to Fed - Business & Finance - Business Recorder](https://feedsoft.ai/events/31931-australia-nz-dlrs-back-in-familiar-range-after-choppy-response-to-fed-business.md) | +0.6% | +0.6% |
| DXY | 2021-03-19 | [Dollar pauses as traders weigh Fed's dovish stance - Markets - Business Recorder](https://feedsoft.ai/events/48315-dollar-pauses-as-traders-weigh-fed-s-dovish-stance-markets-business-recorder.md) | +1.1% | -0.1% |
| DXY | 2022-02-17 | [BoE rate hike bets lift sterling as Ukraine jitters damp risk appeal - Markets - Business Recorder](https://feedsoft.ai/events/42941-boe-rate-hike-bets-lift-sterling-as-ukraine-jitters-damp-risk-appeal-markets.md) | +1.1% | +1.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40150640

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.